SAGEVILLE, Iowa (AP) - Nearly three years after floodwaters swamped their homes, residents of Valley Hill Trailer Park have received federal flood aid, and demolition of homes is set to begin soon.

The Dubuque Telegraph Herald reports (http://bit.ly/1l2Zk4k ) that mobile home owners were reimbursed this spring for each trailerís pre-flood value, which averaged $15,000 per trailer. Thatís in addition to up to $22,500 in relocation assistance.

The buyout and demolition is expected to cost about $2.5 million, with the federal government covering 75 percent, the state of Iowa 10 percent and the city of Sageville 15 percent using grant funds.

The trailer park sits in shambles after dirty floodwater poured into 19 of the 37 trailers and damaged another 15 in July 2011.